Cohen & Steers UTF insider buys 1,100 shares via rights at $23.56
Rhea-AI Filing Summary
Cohen & Steers Infrastructure Fund (UTF) reported an insider transaction by a director. On 10/16/2025, the director acquired 1,100 common shares at a $23.56 subscription price through a rights offering, bringing total direct beneficial ownership to 6,097.099 shares.
The purchase was made under a pro rata rights offering that granted one right per share held as of the September 22, 2025 record date, with the ability to buy one new share for every five rights. The offering, which included an oversubscription privilege, expired on October 16, 2025.
Positive
- None.
Negative
- None.
Insights
Routine insider participation in a rights offering; neutral impact.
A UTF director acquired 1,100 shares at a fixed subscription price of $23.56 through a pro rata rights offering that closed on October 16, 2025. Following the trade, direct holdings were 6,097.099 shares.
The mechanics were standard: one right per share as of September 22, 2025, and one new share purchasable for every five rights, with an oversubscription privilege subject to availability. This reflects participation in a shareholder-wide capital action rather than a discretionary open-market buy.
As a Form 4 event tied to a rights offering, this is administrative for valuation; actual impact depends on broader fund actions and portfolio performance, which are outside this excerpt.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,100 | $23.56 | $26K |
Footnotes (1)
- F1. Purchased pursuant to a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to purchase common shares of Cohen & Steers Infrastructure Fund, Inc. (the "Fund"). The Fund's shareholders as of the September 22, 2025 record date (the "Record Date") each received one Right for each whole common share held on the Record Date. The Rights entitled their holders to purchase one new common share for every five Rights held. The subscription price per common share was $23.56 (the "Subscription Price") and was fixed as of the close of the subscription period on October 16, 2025 (the "Expiration Date"). The Rights Offering also included an oversubscription privilege which entitled shareholders as of the Record Date who fully exercised their Rights to purchase additional common shares of the Fund at the Subscription Price, subject to availability. The Rights expired at close of business on the Expiration Date.
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